08:00 am - Thursday 17 May 2012
New York, NY - 18 °CCloudy - Humidity: 68%
Advertisement

NY cotton limit up on USDA report, Chinese buying

By musiclover - Fri Oct 08, 5:28 pm

Cotton futures were up their 4-cent limit
Friday at a fresh 15-year top on combined investment fund and Chinese mill
buying, with a U.S. government crop report further fueling the appetite of
market bulls, analysts said.

Fiber contracts were already rallying just before the U.S. Agriculture
Department handed out its keenly awaited monthly supply/demand report, and
futures then punched to new highs on the USDA cotton figures, they said.

Your Comments

Leave a Reply

 
Advertisement